Peng Zhao (Chinese: 赵鹏; pinyin: Zhào Péng) is a Chinese-American businessman who is the CEO of Citadel Securities. Peng Zhao was born in Beijing, China.
Education[edit]
Zhao was a student of the Talented Children Training Program at Beijing No.8 High School from 1993 to 1997, and attended Peking University and earned a bachelor's degree in applied mathematics in 2001.[4] In 2006, he obtained his PhD degree in statistics from University of California, Berkeley.[2]
Career[edit]
Peng Zhao was a summer associate at Lehman Brothers and served as a quantitative researcher at Evnine & Associates before joining Citadel.[5]
Peng Zhao joined Citadel Securities in 2006 as a quantitative researcher.[6]
In July 2016, Citadel Securities announced that then Microsoft COO, B. Kevin Turner, was joining the firm as CEO.[7] At this time a new role, chief scientist, was created specifically for Peng Zhao who was then the global head of market making.[7] Five months after joining, Kevin Turner left Citadel Securities, and on January 27, 2017, at age 34, Peng Zhao was promoted to CEO.[1][7]
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